Save Article

Private Properties

By

Danielle Reed Staff Reporter of The Wall Street Journal

Updated Dec. 29, 2000 12:01 a.m. ET

Echo in the Mountains

Charles Ergen, chief executive of satellite-television company EchoStar Communications, has bought a Colorado ranch at auction, with a winning bid of $5.64 million. Sawtooth Mountain Ranch, in Ridgway, Colo., is about 37 miles from Telluride Ski and Snowboard resort. The property includes about 917 acres, with a pond and broad views of the Sawtooth and Cimarron mountains. A creek winds through the ranch's alfalfa-covered hills, which are partitioned by wooden rail fences. To get the property, Mr. Ergen had to outbid nine other potential buyers at the sale. On the other hand, the other bidders...